Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Ondo Perps+0.161%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.161% dearer against Ondo Perps than usual: you sell high and buy low, +$16 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ONDO-USD.P	0.4395	0.0100	pay 0.0013% / 1h	41m 43s	$72K	$89K	10x
Short	Binance ONDOUSDT	0.4402	0.0100	get 0.0050% / 4h	2h 41m	$64.7M	$230.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → 0.000%: $16.09
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: $1.09
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	1.13 bp	7.8 bp −$8	11.2 bp −$112	46.6 bp −$4,658	293.3 bp −$146.7K

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ONDO on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ONDOUSD	−0.0363%	1h	0.4397	+0.042%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4403	+0.183%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4417	+0.494%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.929%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4417	+0.494%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4419	+0.539%	$399K	$829K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4409	+0.318%	$686K	$2.2M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4402	+0.161%	$64.7M	$230.6M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4407	+0.266%	$70.3M	$125.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4409	+0.312%	$17.0M	$75.7M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.Plong	+0.0100%	1h	0.4395	long leg	$72K	$89K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4406	+0.240%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4405	+0.221%	$11.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4401	+0.130%	$44.1M	$42.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4404	+0.198%	$13.4M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4407	+0.266%	$25.1M	$40.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4408	+0.289%	—	$761K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4414	+0.432%	$200K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4446	+1.149%	$791K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4458	+1.427%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4437	+0.949%	$409K	$962K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4459	+1.449%	$165K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4423	+0.632%	$77K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4420	+0.562%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4402	+0.152%	$458	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4412	+0.380%	$129K	$514K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4408	+0.281%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4407	+0.276%	$398K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4420	+0.570%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0203%	1h	0.4419	+0.539%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0257%	1h	0.4413	+0.403%	$39.0M	$25.6M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4413	+0.403%	$285K	$790K	50x	as long as short
01 Exchange ONDOUSD	+0.0336%	1h	0.4410	+0.330%	$363	$2K	10x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4452	+1.290%	$36K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+1.722%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4416	+0.471%	$488K	—	100x	as long as short
Lighter ONDO	+0.0720%	1h	0.4409	+0.312%	$1.4M	$2.1M	10x	as long as short
Phemex ONDOUSDT	+0.0756%	4h	0.4408	+0.289%	$4.2M	$7.3M	50x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4422	+0.602%	$2K	—	20x	as long as short